This fund primarily allocates its capital to a concentrated selection of common equities, focusing on sizable corporations. Eligible companies typically possess market valuations exceeding $5 billion at the point of acquisition and, in the judgment of the investment adviser, exhibit durable competitive advantages. Although the fund is constrained from dedicating 25% or more of its net assets to any single industry, it retains the discretion to emphasize investments in specific economic sectors or market segments periodically.
